Alcoa Foundation Overview
Alcoa Foundation is a separately constituted not-for-profit U.S. corporate foundation with assets of approximately US$370 million. Its mission is to actively invest in the quality of life in Alcoa communities worldwide. Since its inception, Alcoa Foundation has been a source of positive community change and enhancement, with over US$490 million invested since 1952.
Alcoa Foundation’s global and local grant making is responsive to the needs and aspirations of communities and marshals the combined expertise, energies, and values of Alcoa and Alcoa Foundation to provide a world-class standard of excellence in corporate citizenship.
In recent months, the financial crisis and slowdown in the global economy climate has significantly changed Alcoa’s business and considerably impacted those around us. In many places, our communities are facing hardship and uncertainty about the future, while our partners and grantees are experiencing greater demands with fewer resources to meet them.
Alcoa Foundation too has been impacted by the external environment, with the decline in the Foundation’s endowment base, significantly reducing our grant making capacity.
Despite these challenges, Alcoa Foundation is working with its partners, non-profit organizations, employees, and stakeholders to maintain our steadfast commitment to Alcoa communities. The Foundation is working with them to assess the local impact of the global downturn and ensure our resources are being targeted to areas of priority need. From the delivery of immediate basic necessities to building capacity for resilience and sustainability, Alcoa Foundation is committed to meeting these circumstances by deepening and leveraging existing partnerships and supporting Alcoa communities as they adapt to the changing world economy and emerging social challenges, partnering with them by refocusing resources and contributing to building a sustainable future.
IN QUÉBEC
In 2008, Alcoa Foundation awarded CA$1.2 million in grants in the Québec communities where Alcoa Canada Primary Metals facilities are located. In addition, to encourage employees to volunteer their services as part of the ACTION and Bravo! programs, each plant has been given an information document describing the programs.
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Total of Alcoa Foundation grants
Total of Alcoa Foundation grants by Area of Excellence for Alcoa Canada Primary Metals facilities in 2008 (excluding ACTION and Bravo! programs and minor grants)
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Learn more about the Foundation Programs
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